WallStreet Review

System: WallStreet Review

Description:

Type of Trading: Technical

Broker: Alpari NZ

Started: Dec 17, 2010

Views: Alpari NZ

Tracking: 2097 users

Currency Pairs: AUDUSD, EURUSD, GBPUSD, PROFIT, USDCAD, USDCHF, USDJPY

 

 

 

 

 

Overview: WallStreet Review Myfxbook system has made +576% in 2434 trades since Dec 17, 2010. The average winning trade is about9.84 pips / $20.07, and the average trade with a loss around -25.83 pips / -$51.02. Trades are left open on average for 5h 41m.

(858/1141) 75% is the winning percentage of its buy trades and (971/1293) 75% is the winning percentage of its sells.

(Sep 08) 151.2 was the best trade it ever produced. (Jun 11) -168.4 was the worst.

Pros & Cons

Pros

  • 25.833651 SL, usually asking for trouble.
Cons

  • Possible scalper, the average winning trade is less than 10 pips. Good luck finding a broker in this day and age that doesn\’t manipulate scalpers|
  • Looks like a risky system with large drawdowns.
  • Risk:Reward ratio is crap, stoploss is more than 2x the takeprofit.